2023 AFN to GEL Historical Review

YEARLY HIGH

0.0392 GEL

YEARLY LOW

0.0274 GEL

YEARLY AVERAGE

0.0320 GEL

2023 AFN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 0.0392. Conversely, the yearly low was recorded on April 18, dropping to 0.0274.

This high-to-low spread represents a total annual volatility of 0.0118 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0300 to the December average rate of 0.0384, the exchange rate registered a net change of 27.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0392 was up 1.79% compared to the 2022 peak of 0.0385, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 AFN based on timing:

Yearly Peak High 196 GEL

2022 Average 162 GEL

Yearly Trough Low 137 GEL

Transaction Impact: A difference of 58.92 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0393

0.0281

JanuMarcMayJulySeptNove

AFN to GEL Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0295, compared to 0.0344 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0049 points.

H1 Avg (Jan–Jun) 0.0295

H2 Avg (Jul–Dec) 0.0344

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0035 GEL (High: 0.0359 / Low: 0.0323). On the other end, December was the most stable month, with a tight range of 0.0007 GEL (High: 0.0387 / Low: 0.0379).

September Spread (Volatile) ±0.0035

December Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0005 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0378) against the same month in 2022 (average: 0.0309), the exchange rate shifted by +0.0069 (+22.26%).

2023 Avg (November) 0.0378

2022 Avg (November) 0.0309

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0307	0.0295	0.0300
February	0.0300	0.0291	0.0295
March	0.0299	0.0290	0.0294
April	0.0297	0.0274	0.0291
May	0.0297	0.0282	0.0291
June	0.0309	0.0298	0.0301
July	0.0304	0.0293	0.0299
August	0.0324	0.0300	0.0310
September	0.0359	0.0323	0.0340
October	0.0369	0.0341	0.0356
November	0.0392	0.0362	0.0378
December	0.0387	0.0379	0.0384